I need help calculating the following:

0.15(x-2478703.83-0.03x)

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- April 28th 2010, 08:12 PMboothyuk123Algebra Question
I need help calculating the following:

0.15(x-2478703.83-0.03x) - April 28th 2010, 08:22 PMmr fantastic
- April 28th 2010, 08:29 PMboothyuk123
I need some help with the following problem. I have calculated that a company has $2,000,000 in expenses and they sell 50,000 products. The company is wanting a 15% gross profit margin and there are also 3% collection expenses (3% of total sales). I am trying to establish what is the cost of each product?

I may have set up the equation incorrectly!

Any help would be appreciated!